Michele Fuller logs year's largest sale for Ian Black Real Estate

Ian Black Real Estate, a Sarasota based commercial real estate firm, completed its largest transaction of 2013, with a portfolio sale of of five tenanted commercial properties in Venice and Sarasota. The transaction totaled $7,575,000.

The largest of the five properties was the El Patio Hotel property, which includes six retailers at the street level and 15 apartments on the 2nd floor, totaling approx. 27,000 sf. Other properties included: 243 W Venice Ave, a two tenant building with Captain's Landing and Cleopatra's; 121 W Venice Ave., with Made in Italy; 125 W Venice Ave., which features Bushido's Sushi; and 1540 Main Street in Sarasota with Blackbird Home Collection and Bohemian Bliss as tenants.

"This transaction speaks volumes about the recovery of the local commercial real estate market,” said Fuller. “Both Venice and Sarasota are extremely desirable locations for business owners and we predict a growing market trend of increased economic development in this region over the next few years."

Michele Fuller has been a top-producing agent at Ian Black Real Estate for four years. Fuller began her commercial real estate career in 1998 joining Arvida Realty Services, which was bought out by Coldwell Banker. Shortly thereafter, she became a member of the Coldwell Banker Legend Society, Circle of Distinction, and an exclusive member of the Global Top 5.